Oil Prices Decline Amid US Military Strikes on Iran
Oil prices fell as markets reacted to U.S. military strikes against Iranian targets, raising concerns about oil flows through the Strait of Hormuz and regional stability. Brent crude dropped by $1.03 (1.32%) to $76.99/bbl while WTI crude declined by $0.88 (1.2%) to $72.64/bbl.